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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club PowerPoint Presentation
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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club - PowerPoint PPT Presentation


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Depression Stamp Scrip Kenneth Pruess Lincoln Stamp Club Encased Postage Banking Holidays By March 1, 1933 14 States closed banks March 6 Roosevelt called National bank holiday Payrolls could not be met Many banks never reopened

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Presentation Transcript
slide1
Depression Stamp Scrip

Kenneth Pruess

Lincoln Stamp Club

Encased Postage

banking holidays
Banking Holidays
  • By March 1, 1933 14 States closed banks
  • March 6 Roosevelt called National bank holiday
  • Payrolls could not be met

Many banks never reopened

Those that did reopen had shortage of small bills and coins

what will we do for money
What will we do for money?
  • Before March 6 about 400 communities were already using emergency money
  • After March 6 there was a flood of scrip
  • Scrip took many

forms!

depression of 1930 1934
Depression of 1930-1934
  • 12 Million unemployed
  • 5000 bank failures 1930-32
  • People not paying taxes
  • Cities unable to borrow money
  • Run on money from solvent banks
  • Acute shortage of coins and small bills
wara scrip
WARA SCRIP

userpage.fu-berlin.de/~roehrigw/fisher/stamp4.html

slide7

Zylstra Type Scrip

Hawarden, Iowa

slide22
Mitchell and

Shafer

Best Reference

But new finds

are still being

made.

Web Site

depressionscrip.com